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AED 240,000,000
AED 240,000,000
Prime Commercial Investment: Partially Rented Building in Al Manara, SZR Al Manara Al Manara
Facts
Reference SAN PP 508
Added On 29-Aug-2024
Category Residential
Type Residential Building
Offer Type For Sale
Size 112,928 Sq. Ft.
Plot Area 29,476 Sq. Ft.
Furnished Yes
Description
Property ID: SAN PP 508
Location: Al Manara on Sheikh Zayed Road (SZR)
Property Type: Partially Rented Commercial Building
Ownership Type: GCC Freehold
Plot Size: 29,476 sqft
BUA: 112,928 sqft
Height: G + 2
Number of Units: 143
Hotel Apartment Units: 137
Retail Units: 6
Sale Price: AED 240 Million
Current Rental Income: AED 10 Million (Partially Rented)
Expected Fully Rented Income: AED 22 Million
Additional Costs:
Agency Fees: 2% on Sale Price
Transfer Charge: 4% on Sale Price
This prime commercial building located in the prestigious Al Manara area on Sheikh Zayed Road offers an exceptional investment opportunity. The property features 137 hotel apartment units and 6 retail units, with a current rental income of AED 10 million from partial occupancy. When fully rented, the expected income can reach AED 22 million. With its strategic location and high visibility, this asset is poised for significant rental growth and long-term appreciation. Ideal for investors seeking a high-potential property in one of Dubai's most sought-after commercial corridors.
Location: Al Manara on Sheikh Zayed Road (SZR)
Property Type: Partially Rented Commercial Building
Ownership Type: GCC Freehold
Plot Size: 29,476 sqft
BUA: 112,928 sqft
Height: G + 2
Number of Units: 143
Hotel Apartment Units: 137
Retail Units: 6
Sale Price: AED 240 Million
Current Rental Income: AED 10 Million (Partially Rented)
Expected Fully Rented Income: AED 22 Million
Additional Costs:
Agency Fees: 2% on Sale Price
Transfer Charge: 4% on Sale Price
This prime commercial building located in the prestigious Al Manara area on Sheikh Zayed Road offers an exceptional investment opportunity. The property features 137 hotel apartment units and 6 retail units, with a current rental income of AED 10 million from partial occupancy. When fully rented, the expected income can reach AED 22 million. With its strategic location and high visibility, this asset is poised for significant rental growth and long-term appreciation. Ideal for investors seeking a high-potential property in one of Dubai's most sought-after commercial corridors.
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